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Australian (ASX) Gold Industry Analysis
UpdatedFeb 14, 2026
DataAggregated Company Financials
Companies152
- 7D6.5%
- 3M18.7%
- 1Y95.1%
- YTDn/a
Northern Star Resources is up 6.0%, leading the way for the Gold industry, which has gained 6.5%. In the same time, Medallion Metals was down 8.9%. In the last 12 months, the industry was up 95%. As for the next few years, earnings are expected to grow by 23% per annum.
Industry Valuation and Performance
Has the Australian Gold Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 15 Feb 2026 | AU$178.6b | AU$27.7b | AU$5.2b | 25.4x | 34.1x | 6.4x |
| Tue, 13 Jan 2026 | AU$169.2b | AU$26.4b | AU$4.6b | 27.1x | 37x | 6.4x |
| Thu, 11 Dec 2025 | AU$152.3b | AU$26.4b | AU$4.6b | 24.8x | 33.3x | 5.8x |
| Sat, 08 Nov 2025 | AU$138.6b | AU$26.4b | AU$4.6b | 23.9x | 30.2x | 5.2x |
| Mon, 06 Oct 2025 | AU$143.8b | AU$26.4b | AU$4.6b | 22.8x | 31.4x | 5.5x |
| Wed, 03 Sep 2025 | AU$120.2b | AU$26.8b | AU$4.9b | 17.8x | 24.7x | 4.5x |
| Fri, 01 Aug 2025 | AU$92.9b | AU$22.4b | AU$3.2b | 16x | 29.1x | 4.1x |
| Sun, 29 Jun 2025 | AU$101.3b | AU$22.4b | AU$3.1b | 16.2x | 32.5x | 4.5x |
| Tue, 27 May 2025 | AU$106.7b | AU$22.3b | AU$3.1b | 19x | 34.5x | 4.8x |
| Thu, 24 Apr 2025 | AU$92.0b | AU$22.1b | AU$3.0b | 18.6x | 30.5x | 4.2x |
| Sat, 22 Mar 2025 | AU$83.8b | AU$22.2b | AU$3.0b | 17.8x | 27.6x | 3.8x |
| Mon, 17 Feb 2025 | AU$79.9b | AU$20.1b | AU$2.4b | 21.5x | 33.7x | 4x |
| Wed, 15 Jan 2025 | AU$75.6b | AU$18.7b | AU$1.8b | 19.8x | 41.5x | 4x |
| Fri, 13 Dec 2024 | AU$76.5b | AU$18.6b | AU$1.8b | 22.7x | 42.3x | 4.1x |
| Sun, 10 Nov 2024 | AU$72.7b | AU$18.4b | AU$1.8b | 20.1x | 40.4x | 3.9x |
| Tue, 08 Oct 2024 | AU$67.3b | AU$18.4b | AU$1.8b | 21.4x | 37.7x | 3.7x |
| Thu, 05 Sep 2024 | AU$61.4b | AU$18.2b | AU$1.6b | 20.5x | 38.7x | 3.4x |
| Sat, 03 Aug 2024 | AU$60.2b | AU$16.1b | AU$1.1b | 22x | 54.3x | 3.7x |
| Mon, 01 Jul 2024 | AU$55.6b | AU$16.0b | AU$1.1b | 20.9x | 51.6x | 3.5x |
| Wed, 29 May 2024 | AU$60.0b | AU$17.1b | AU$1.2b | 21.2x | 50.6x | 3.5x |
| Fri, 26 Apr 2024 | AU$58.2b | AU$17.2b | AU$1.2b | 21.8x | 48.6x | 3.4x |
| Sun, 24 Mar 2024 | AU$52.8b | AU$16.9b | AU$1.2b | 17.7x | 42.9x | 3.1x |
| Tue, 20 Feb 2024 | AU$48.5b | AU$15.6b | AU$273.6m | 22.4x | 177.1x | 3.1x |
| Thu, 18 Jan 2024 | AU$71.1b | AU$22.9b | AU$1.3b | 22.6x | 52.8x | 3.1x |
| Sat, 16 Dec 2023 | AU$75.4b | AU$22.9b | AU$1.3b | 24.6x | 56x | 3.3x |
| Mon, 13 Nov 2023 | AU$70.4b | AU$22.9b | AU$1.4b | 22.1x | 52x | 3.1x |
| Wed, 11 Oct 2023 | AU$69.5b | AU$23.0b | AU$1.4b | 21.5x | 51.2x | 3x |
| Fri, 08 Sep 2023 | AU$68.0b | AU$22.9b | AU$1.5b | 18.7x | 45.9x | 3x |
| Sun, 06 Aug 2023 | AU$68.8b | AU$22.4b | AU$568.1m | 17.1x | 121.2x | 3.1x |
| Tue, 04 Jul 2023 | AU$70.5b | AU$22.3b | AU$559.8m | 17.4x | 126x | 3.2x |
| Thu, 01 Jun 2023 | AU$69.4b | AU$22.5b | AU$614.7m | 17.9x | 113x | 3.1x |
| Sat, 29 Apr 2023 | AU$75.8b | AU$22.4b | AU$591.4m | 19.3x | 128.1x | 3.4x |
| Mon, 27 Mar 2023 | AU$67.5b | AU$22.3b | AU$581.5m | 15.6x | 116.1x | 3x |
| Wed, 22 Feb 2023 | AU$62.9b | AU$21.7b | AU$930.8m | 18.1x | 67.6x | 2.9x |
Price to Earnings Ratio
67.6x
Current Industry PE
- Investors are pessimistic on the Australian Gold industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 34.1x which is lower than its 3-year average PE of 61.9x.
- The 3-year average PS ratio of 3.9x is lower than the industry's current PS ratio of 6.4x.
Past Earnings Growth
- The earnings for companies in the Gold industry have grown 65% per year over the last three years.
- Revenues for these companies have grown 8.7% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Australian Gold compare with similar industries?
| AU Market | 2.05% | |
| Materials | 4.54% | |
| Metals and Mining | 4.42% | |
| Gold | 6.53% | |
| Silver | 6.99% | |
| Diversified Metals and Mining | 4.66% | |
| Aluminum | 3.79% | |
| Copper | 2.06% | |
| Steel | 0.11% | |
| Precious Metals and Minerals | -2.75% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| NST Northern Star Resources | AU$28.37 | 6.0% +AU$2.3b | 52.9% | PE26.2x | |
| EVN Evolution Mining | AU$15.44 | 7.7% +AU$2.2b | 143.5% | PE23.6x | |
| VAU Vault Minerals | AU$5.61 | 10.4% +AU$553.0m | 108.0% | PE24.7x | |
| PRU Perseus Mining | AU$5.71 | 6.9% +AU$499.4m | 101.1% | PE14.7x | |
| WGX Westgold Resources | AU$7.16 | 7.2% +AU$453.5m | 183.0% | PE194.6x |